Rupee breaches 56-level

July 09, 2012 10:03 am | Updated 12:05 pm IST - Mumbai

The rupee on Monday breached the 56-mark, down 59 paise at 56.01 against the US dollar on the Interbank Foreign Exchange on high demand for the American currency from banks and importers.

Besides, the dollar also strengthened against other currencies such as the euro in the overseas market following disappointing US jobs growth figures, putting further pressure on the rupee, dealers said.

The domestic currency has fallen past the 56—level against the dollar after June 29.

The rupee opened the day weaker, at Rs 55.90 a dollar, but recovered temporarily to 55.82 before slipping again to breach the 56—mark at 56.01 at 1130 hrs, down by 59 paise over the previous close of Rs 55.42 on Friday.

The rupee had lost 45 paise in the last session.

Meanwhile, the BSE benchmark Sensex was down 65.77 points, or 0.38 per cent at 17,455.35

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.